Sun Country Airlines Holdings, Inc. $SNCY Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its stake in Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) by 74.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 143,115 shares of the company’s stock after acquiring an additional 61,100 shares during the period. Primecap Management Co. CA’s holdings in Sun Country Airlines were worth $1,690,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Apollo Management Holdings L.P. bought a new stake in Sun Country Airlines in the second quarter valued at about $6,821,000. Jefferies Financial Group Inc. acquired a new position in shares of Sun Country Airlines in the 2nd quarter worth approximately $776,000. Exchange Traded Concepts LLC bought a new stake in shares of Sun Country Airlines in the 3rd quarter valued at approximately $1,098,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Sun Country Airlines during the 3rd quarter valued at approximately $858,000. Finally, Prospera Financial Services Inc bought a new position in Sun Country Airlines during the second quarter worth $345,000.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wolfe Research downgraded shares of Sun Country Airlines from an “outperform” rating to a “peer perform” rating in a report on Tuesday, January 20th. Zacks Research upgraded shares of Sun Country Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 12th. Citigroup boosted their price objective on shares of Sun Country Airlines from $15.00 to $18.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $19.00 price objective (down from $22.00) on shares of Sun Country Airlines in a research note on Tuesday, January 13th. Finally, TD Cowen restated a “hold” rating on shares of Sun Country Airlines in a research note on Tuesday, February 10th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $19.75.

Sun Country Airlines Price Performance

Shares of Sun Country Airlines stock opened at $19.68 on Friday. Sun Country Airlines Holdings, Inc. has a 52 week low of $8.10 and a 52 week high of $22.29. The company has a current ratio of 0.82, a quick ratio of 0.79 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.05 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.47 and a beta of 1.58. The company’s 50-day moving average price is $17.82 and its two-hundred day moving average price is $14.43.

Sun Country Airlines (NASDAQ:SNCY) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The company had revenue of $280.96 million for the quarter, compared to analysts’ expectations of $272.98 million. Sun Country Airlines had a return on equity of 8.92% and a net margin of 4.69%.The firm’s revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 earnings per share. As a group, sell-side analysts anticipate that Sun Country Airlines Holdings, Inc. will post 1.92 EPS for the current fiscal year.

Insider Activity

In related news, CEO Jude Bricker sold 5,062 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $17.55, for a total value of $88,838.10. Following the completion of the sale, the chief executive officer owned 167,982 shares in the company, valued at approximately $2,948,084.10. This represents a 2.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Stephen Andrew Coley sold 2,052 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $15.09, for a total transaction of $30,964.68. Following the completion of the transaction, the senior vice president directly owned 45,040 shares of the company’s stock, valued at $679,653.60. This represents a 4.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 21,378 shares of company stock worth $343,249 over the last 90 days. 5.00% of the stock is owned by company insiders.

Sun Country Airlines Profile

Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.

Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.